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Sovereign Debt and Financial Crises

Description

What happens when countries are unable to pay back the more than $40 trillion they borrow from one another, private creditors and international organizations ("sovereign debt")? How can creditors make countries repay their debts? Do countries have access to debt discharge/ forgiveness or a "fresh start" What is a bankruptcy fresh start and what are the policy issues behind granting one? This course provides an introduction to bankruptcy policy and the main issues involved in translating domestic bankruptcy procedures (e.g. US Chapter 11 restructuring proceedings) to the sovereign context. It considers some of the principles by which domestic bankruptcy procedures operate, and the extent to which they can apply to international lending. To this end, we will consider the alternatives to bankruptcy at both the domestic and the sovereign level and the issues confronted in cross-border insolvencies. Students will have the opportunity to study the details of recent crises that have made headlines in the US and all over the world, such as Greece, Argentina, and Ukraine. The course will appeal to policy-oriented students who are interested in issues affecting the global economy as well as students interested in bankruptcy policy more specifically. The course is appropriate for students who have taken Bankruptcy, are taking Bankruptcy or are interested in a taste of bankruptcy policy. The course will be taught intensively. Students will have the opportunity to engage in independent research on a particular country and/or policy and offer a brief class presentation. Following the completion of the in-class portion of the course, students will prepare a research paper on their chosen topic.

Note: Check with the institution regarding start/ end dates, prices, and delivery method. These may vary according to the program, section, and/or semester.
 

Overview

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  • Institution: York University
  • Level: University
  • Language: English
  • Course Code: LAW6297
  • Delivery Method: Fully Online/Distance

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Disclaimer:
Check with the institution regarding start/end dates, prices, and delivery method. These may vary according to program, section, and/or semester.